Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Sayeds56]

I hope we're not in for years of slow downward slide again. That was demoralizing.

Downtrend may continue to 42K level  which is a  strong support. If this level  remains in tact for few days then new upward journey will take BTC to new highs.



https://www.tradingview.com/chart/BTCUSD/bJyM1Wj8-BITCOIN-The-Critical-Zone-Detailed-Video/

[1715209277]

1715209277

[philipma1957]

Just purchased the dip at 46.3k

I sent up to buy

at 44.2k
at 42.2k

Cheap coins yeah baby.

[Torque]

So much for Lambos. Carvana totally fucked up my car purchase and it was only a used VW. Bonus in Bitcoin tripling between when I withdrew the funds for purchase and when it almost happened.

I'm a VW fan. Which model?

It was a TDI Sportwagen. Still is, I guess . They delayed delivery three times so I cancelled. Then I saw they'd actually got it fairly close so I called to give them another chance but apparently they're not competent enough to swing that so it's showing as purchased by someone else now. Ah well, there are other cars. Cashing out for nothing stings though.

I'm hoping someone local bought it so at least they'd be screwed out of the delivery charge for getting it from Nevada.

Cool...I'm a GTI/GLI fan. Currently have GLI. Love it.

[Biodom]

Someone, maybe Peter Brandt calls it: strong opinions, weakly held.
Here is one (may not be popular):

My default scenario was btc going to $70-85K before May, then correcting to maybe 45K, then going to 150-200K in a double hump (a la 2013 scenario) but, admittedly, we were going up a tad too fast and s-tcoins were not helping by overheating at the same time.

Now, my secondary scenario is that we might correct deeper here (with out first run being 3.1K to 58K or 3.8K to 58K if you count from March 2020).
Since we did not climb too high, the correction might be milder (to 33-40K), followed by the last (this cycle) hurrah to $140-200K, weather permitting.

Somehow both stock market and bitcoin feel bearish, which could be temporary...or not.
Strangely enough, it looks like 1.9 tril stimulus is already "priced in", which is a surprise, I was thinking that there would be another bump.

In addition, COIN listing might suck out some institutional liquidity from btc as WS would go for "picks and shovels" instead of the actual coin.

Not selling, or buying.

[Sayeds56]

Someone, maybe Peter Brandt calls it: strong opinions, weakly held.
Here is one (may not be popular):

My default scenario was btc going to $70-85K before May, then correcting to maybe 45K, then going to 150-200K in a double hump (a la 2013 scenario) but, admittedly, we were going up a tad too fast and s-tcoins were not helping by overheating at the same time.

Now, my secondary scenario is that we might correct deeper here (with out first run being 3.1K to 58K or 3.8K to 58K if you count from March 2020).
Since we did not climb too high, the correction might be milder (to 33-40K), followed by the last (this cycle) hurrah to $140-200K, weather permitting.

Somehow both stock market and bitcoin feel bearish, which could be temporary...or not.
Strangely enough, it looks like 1.9 tril stimulus is already "priced in", which is a surprise, I was thinking that there would be another bump.

In addition, COIN listing might suck out some institutional liquidity from btc as WS would go for "picks and shovels" instead of the actual coin.

Not selling, or buying.

You secondary Scenario looks very convincing from Technical point of view but I think correction will not extend to 33K, 42K is very strong support. Technical Indicators are Science of Probability not certainty and this is crypto space which always comes with surprise. You never know what tomorrow brings for you.

[Richy_T]

Cool...I'm a GTI/GLI fan. Currently have GLI. Love it.

I have a 2000 TDI. Like it a lot, know it inside-out but it's definitely showing its age. Promised to reward myself when we hit 20k. Was hoping to use it for a trip we just took but yeah...

Best bet might be to DCA and sell a little more coin and get a better car. Or I can just fix the 2000 up and spend the money on other stuff, I guess.

[gallianooo]

Someone, maybe Peter Brandt calls it: strong opinions, weakly held.
Here is one (may not be popular):

My default scenario was btc going to $70-85K before May, then correcting to maybe 45K, then going to 150-200K in a double hump (a la 2013 scenario) but, admittedly, we were going up a tad too fast and s-tcoins were not helping by overheating at the same time.

Now, my secondary scenario is that we might correct deeper here (with out first run being 3.1K to 58K or 3.8K to 58K if you count from March 2020).
Since we did not climb too high, the correction might be milder (to 33-40K), followed by the last (this cycle) hurrah to $140-200K, weather permitting.

Somehow both stock market and bitcoin feel bearish, which could be temporary...or not.
Strangely enough, it looks like 1.9 tril stimulus is already "priced in", which is a surprise, I was thinking that there would be another bump.

In addition, COIN listing might suck out some institutional liquidity from btc as WS would go for "picks and shovels" instead of the actual coin.

Not selling, or buying.

Agree with you, even if I don't see that much below of 40K$... Maybe a quick wick candle in the 37-39k area...

According to the dynamic, I would bet with a top (somewhere between 120-200K) early summer (june/july) instead of 2 waves, like 80-100K, correction and sideways 50K and go for the TOP in the 120-200K area end of the year.

Just my 2cents

[Richy_T]

Strangely enough, it looks like 1.9 tril stimulus is already "priced in", which is a surprise, I was thinking that there would be another bump.

A lot of the times when things are "priced in" it just means you don't feel the shock around the time of the event. Often, things aren't "priced in" enough and it takes a little while for reality to catch up with expectations. Certainly the last couple of halvings have been this way. Not sure how the stimulus is going to play into things. It's a *lot* of moolah being magiced out of nowhere though. One of the things that got me into Bitcoin was concern about how governments were printing money but inflation back then pales in comparison. The country (and others) are being looted.

[Torque]

So who here actually believes the $1.9T "stimulus package" will be printed at the 2.19% 30T interest rate?

Bueller? 

[BobLawblaw]

If we drop below $45k, I'm buying again. Not in a hurry to buy dip right now. It looks like we may be in a position to break ground mid-March on our ranch. Getting very excited.

[savetherainforest]

Forgot to mention, met these two dudes at a club last night. Pretty cool guys. Said they were brothers visiting from out of town.

                    

ROFL!

They look like they shorted Doge their whore life! <3

[Biodom]

So who here actually believes the $1.9T "stimulus package" will be printed at the 2.19% 30T interest rate?

Bueller? 

hard to say, maybe even lower at first, of course higher sometime later, but when?

[savetherainforest]

So who here actually believes the $1.9T "stimulus package" will be printed at the 2.19% 30T interest rate?

Bueller?  

hard to say, maybe even lower at first, of course higher sometime later, but when?

Too bad all of them will be invested in sh!tcoins.      

HueHueHueHueHueHuehuehueHUEEEEE!!!!!!    

[rdbase]

Forgot to mention, met these two dudes at a club last night. Pretty cool guys. Said they were brothers visiting from out of town.

ROFL!
They look like they shorted Doge their whore life! <3

Was waiting for somebody to notice this but..
Those are the blackish version of the Bogdanoff bros.

They have just adjusted to recent times with BLM and all the attention it has gotten at every step you go. These two are a crafty duo.
And everybody knows how much those two brothers just love their attentions to the excess of being wh0res of it.
Or just maybe it is them metamorphosing into their next step of evolution. They are the lizard men arent they?
Just getting ready for the sun on the red planet with that all-natural SPF1000+.
https://www.youtube.com/watch?v=IH8REfwqGEw

[smartcomet]

Coinbase S1 notes
https://twitter.com/lawmaster/status/1364918649425973249




So nearly 75% users are American, that is about 33M.

[JayJuanGee]

[edited out]

  and if i happen to eat some hidden meat, say a crumb of ham on a pizza, i won't become a drama queen about that  

I am glad about that.

We surely have enough drama queens around these here parts...

 

Hypnosis is so powerful in that regard, i clearly underestimated it as well before i tried.
You should probably try it too,

I doubt that I am a good subject - but if I ever come across some random hypnotist in RL that I actually trust, then I might give it a shot.  Perhaps?

without intentional aspects, just for the experience of that mind-centering feeling of "floating" (or "flowing"? or both... hard to describe).

I have heard about that.   

It leaves you somewhat "anchored" or "grounded" (for lack of better terms) for some weeks after, which is a fucking awesome experience by itself.

Does not sound like a bad thing, when you put it like that. 

So no worries, everyone in the family loves the meat and i don't care. No offensive feelings in any way there.
As i said, for one time in a life, kill and prepare the animals you eat yourself, if you have the ability to do so (i have a farming neighborhood).
It will change your way of looking at meat, although it will not make you a veggie, probably, and even if, you wouldn't feel too bad about it.

I already said my part in this area.

Please, eat meat, drink blood etc. but maybe, sometimes, imagine that it would come from (formerly) living beings, which look into your eyes before you kill and dissect them, take care of their remainings and wash off their blood of your skin.

My earlier position does not suggest that I am unaware of killing an animal or the sadness that can come from those kinds of experiences.

love out to you as well
#nohomo

Great.  We do not need to get a room, then.. because that would have been aaaaaawwwwwkkkward.

[JayJuanGee]

https://twitter.com/Davincij15/status/1364613503210975241?s=20

LoL nice one...

But still my honest thinking is that I have no ambitions for owning a Lambo actually even if it would happen or whatever... its not the car I dream of and surely not the one I would like to drive daily in ....

Just the thought of being ripped off in Taxes, yearly things, absurd maintenance, all kind of dumb sh*t....

For the DUTCH among us

The cost are so high "het is dweilen met de kraan open"

Google translates this to "it is mopping with the tap open".

I see your point, and I fully agree! LOL!  

Haha indeed, in dutch its a common sentence  

It's probably NOT the car for me either, even if I felt that I had some place that I would want to keep such a car and maybe use it a few times a year.

So yeah let's say that the car costs about half a million (of course, you could get a cheaper version, but why?)... and then probably we should calculate another half a million for various costs over a 10 year ownership of the car... Something like that.

So, if any of us feel that we have an extra million in wealth that we want to use to consume such a product, then that might not be a problem.. but then a question might be how much wealth should a reasonable person have in order spend around a $million on a nearly complete consumption good - and a show off status piece?

Probably $3million minimum.. and maybe above $5million would be preferable... but hey who am I to say.. I am not really very interested in such a car at this time, but never say never.

By the way, currently the 208-week moving average is getting close to $9,400, so a person would need to have:

BTC        ==    dollar value

106.383  = $1million

319.15  = $3million

531.915  = $5million

1,063.83  = $10million

By the way, if I am using the 208-week moving average of my measure of the bitcoin bottom ($9,400) for the intention of long-term considerations regarding my own bitcoin wealth management, I can also consider that any bitcoin that I were to cash in today, at this moment with the BTC price bouncing around $47,000 to $47,500, I get an immediate 5x return.. could feel good to do that, even though I am NOT cashing anything out beyond my normal practices (and system).  

But if anyone were to feel that they need cash in the coming year or less to consider if there might be an  amount of BTC to cash in that makes you feel good in terms of getting a certain locked-in value above the 208-week moving average, then 5x immediate returns cannot really feel bad.. and of course the 2080-week moving average is continuing to move up quite slowly, relatively speaking... but still moving up around $200 per week-ish in these here times.  Don't get me wrong, I am not suggesting anyone sell any of their bitcoins, but each person also has personal considerations in term of where they are at and if they believe that they can HODL through these kinds of periods, shave some off or are then in an accumulation stage of ongoingly buying more BTC because they have not yet met their personal BTC accumulation goals.

Edit: no offense intended to those who enjoy sucking cock. you do you.

Well, like, have you even tried sucking cock?

Don't knock it until you've tried it.

Sounds gross.

 

I don't have any desire to try it - but again, never say never, if there might not be some other options out there.

[shahzadafzal]

So nearly 75% users are American, that is about 33M.

Reason is because coinbase still not operating in many countries. It’s buy/sell option is available only in 40 countries.

All other countries which does not clearly define bitcoins assets or “crypto currencies” to be specific are still not allowed to buy/sell bitcoins on coinbase. That includes countries with huge crypto demand like China, India. Turkey and even in Singapore you can buy but you can’t sell.

[JayJuanGee]

P.S. Still, it would be nice after a year to stock up on bitcoin at a price below 30,000

ProTip:  Even though it might be nice to "stock up" on sub-$30k coins, we (royal we, of course) do not vote (or root) for BTC prices to go lower in these here parts, but if BTC prices were to happen to go lower, we (royal we, again) do tend to take advantage of such lower going BTC prices by buying MOAR lillie fiends.

Personally, I believe that you are convoluting the problem when you frame the matter like that.

Many of us who may have considered the matter of nutrition in any kind of meaningful way would have come across sources of information that shows that a lot of the problems with food supply come from various kinds of processing of foods and stuffing of ingredients to make cheaper and screwing around with oils to make various kinds of artificial oils.  The man made meat is likely to suffer from some of the similar kinds of processing issues, even though they are going to try to frame it as if it almost like the same thing and grown from a petri-dish so therefore even better than real meat... blah blah blah.

Sure, but this is not a problem with artificiality, it is a problem with production values. The artificial doesn't necessarily have to be inferior to the natural, and where the right values are demanded, can even be superior. Algae oil grown in a lab, for example, can be a cleaner source of Omega-3 than eating fatty fish every day, because of persistent organic pollutants that bioaccumulate in the food chain.

Will the shitburger you suggest come about? Alas, unless there is a change to the general scheme of incentivisation for producers it is almost inevitable. Perhaps one might argue that the natural is heuristically better than the artificial because it places a constraint on the producer not otherwise existing. There's also a conservative argument against the novel because of unintended consequences.

I don't really feel like debating the matter further, even though I still am likely to lambast vegetarians, vegans and artificial meat advocates from time to time and at will.

In other words, there are a lot of reasons be skeptical of those pushing these kinds of ideas, even though perhaps there might be some ways to employ such learnings in beneficial ways, and surely there are some kinds of processed foods that are neither bad for you nor trying to lure you into eating substandard ingredients... just consider how far some of the soy and soy oil propaganda has gotten and even transfats are still used in products and people believe them to be healthy or more healthy when they really should be illegal... an example of such is margarine versus butter, and surely butter is superior in terms of nutrition but margarine is sold as if it were the same thing and its cheaper so people buy it.. what a scam. 

It can take a long fucking time to figure out when you are being scammed.. take crisco oil for example.. still on the shelves... people buy it and use it... because they were trying to substitute out saturated fat.. as if saturated fat were bad for you... and if you believe that actual saturated fat is bad for you, then you are totally delusional, and I (that's the royal I) don't really want to hear your delusional ideas about what science supports and does not support... but sure you are free to make such arguments, even if I do not want to hear them...   you fuck.   #nohomo.

[Richy_T]

Synthetic meat may sound like a decent idea but people typically think of the final stage where presumably chunks of cloned meat are cut off in a vat with no cruelty or pain to animals. The issue is that animals are pretty fantastic machines. You grow some typically-vegetable type crops of nominal nutritional value and you feed the animal and it takes care of growing. If you are doing this industrially for synthetic meat, now you are having to provide a carefully balanced nutrient broth which has to be specifically distilled from crops, since you have no stomach, guarded from contamination since you have no kidneys, liver nor immune system and diffused into the "meat" since you have no circulatory system. You also have to deal with texture created by muscle use (unless we're all going to be eating synthetic veal). These things *are* solvable, I have zero doubt but they're not free and make the economic aspect a lot more marginal. Unless you're making the life of animals paramount (though bear in mind cows would effectively cease to exist as a species except as zoo specimens and pets under such an arrangement) which is certainly a market, though niche, that bears serving, it seems to be more of a solution looking for a problem.